Published
- 06:00 am

Abrdn, a global investment company and asset manager, has chosen Kneip as their fund data dissemination partner to ensure the highest level of data quality and consistency
Luxembourg/Edinburgh, 25 October 2022. Abrdn is a global asset manager that provides investment products and solutions to clients across the world. The breadth of its investment capabilities is extensive and among the most innovative within the market.
When it set out to find its future solution partner for data and document dissemination, Abrdn recognised the critical role of data quality to success in fund distribution today. Data discrepancies impact how funds are perceived by investors and can lead to non-selection by investors, whilst putting unnecessary pressure on operational resources. Therefore, one of the key requirements for Abrdn’s new solution was the ability to consistently reach the highest level of data accuracy and ensure that all its funds are seen by the right investors every time.
With Kneip, Abrdn publishes static, and dynamic, holdings data and documents that are always accurate and consistent. At the core of Kneip’s solution is its Post Publishing Control, a unique feature in the fund industry today, which ensures the highest data quality on the market. The data published to media destinations is checked against the data received, and Kneip proactively follows up with vendors and media in case of discrepancies.
Although Kneip’s data solution builds on 30 years of experience in fund data dissemination, it is powered by its state-of-the-art platform Dataglide, the most advanced technology on the market today. The solution takes significantly less time and resources to operate, and Abrdn can instruct vendors with data updates in just minutes, whilst having real-time visibility over the entire dissemination process including control reports and ongoing requests.
Jacob Koopmans, Chief Commercial Officer at Kneip said “Data consistency is essential in today’s market, as it directly impacts fund ratings and distribution, and we’re delighted that Abrdn is trusting us to future-proof their dissemination process and give them a competitive edge in an industry where data quality is low.”
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- 07:00 am

A month after reaching unicorn status, Satispay, the everyday mobile payment solution, unveils its plan to open a new headquarters in Milan to support its expansion in Italy and Europe.
The announcement comes at a time of strong growth for Satispay. A few weeks ago, after a €320 million Series D investment round, the company announced an exceeding valuation of over €1 billion. Over the past couple of years, the company has more than doubled its user base and now over 3 million consumers and 200,000 merchants use Satispay to easily and securely make payments in-store and online, independently from debit and credit card networks. The opening of a new headquarters is part of Satispay’s plan to further accelerate its growth in Italy and the rest of Europe, with the company planning to double its headcount from 300 to 600 in the next 18 months.
The new Satispay headquarters will be located in the young and vibrant neighbourhood of Isola. The 8,500 sqm, 8-story building, owned by world-leading private investment house Ardian, is being re-designed by award-winning architect Stefano Bellingardi Clusoni and is currently under construction, with delivery expected by the end of 2023. The building will be one of the most advanced in the country when it comes to sustainability and energy efficiency. It will meet all the highest sustainability standards (LEED Platinum, Well Silver, WiredScore and BREEAM Very Good) and it will be 34% more efficient compared to Grade A buildings.
Alberto Dalmasso, CEO and co-founder of Satispay, commented: “After reaching the milestone of €1 billion valuation, the new headquarters is another testament to Satispay’s strong growth and truly speaks to the company’s ambition to become the number one payment network in Europe. We believe Milan is a strategic place to continue to lead our Italian and European operations. When we move into the new building, we will have the opportunity to share our space and dedicate the first two floors to promising startups and innovative companies. Since we designed the building to support our fast-paced growth, we believe that other startups navigating the same challenges will also benefit from a space tailored to their needs.”
Italian tech has become more attractive than ever.
Satispay's investment in a new Milan headquarters not only demonstrates the company’s expansion but also confirms the momentum in the Italian tech ecosystem. Indeed, since the beginning of the year, Italian startups have received unprecedented attention from VC investors, securing a record $1.7 billion in funding. Despite the market downturn and investments slowing down in the rest of Europe, VC funding in Italy is projected to grow by 64% compared to 20211, with Milan playing a key role in the country’s startup space.
The number of fintech companies has grown by an average of 30% each year over the past 8 years in Milan alone, with the city now counting over 3,300 startup companies and 70 startup incubators and accelerators. Several tech companies and startups are choosing to base their headquarters or regional offices in Milan thanks to the city’s strategic position and its great access to talent and capital.
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- 03:00 am

AlgoTrader has officially changed its name to Wyden. By following a focused and simplified single-brand approach across all markets and solutions, the company enhances its customer and brand experience for its global institutional clients.
As one of the leading digital asset trading and orchestration technology providers for buy- and sell-side clients that Wyden has become, the company now leaves behind its image as a purely algorithmic trading software vendor. This is part of Wyden's overall strategy and the logical next step given the company's growth and success story in recent years – especially among banking clients.
Wyden's modular trading platform enables custom solutions
Seamless integration with leading custody, core banking and portfolio management system providers make Wyden the leading institutional trading platform that covers the full trade lifecycle for crypto and digital assets – for banks, hedge funds, crypto funds and asset managers alike.
With its modular trading platform, Wyden ensures the best execution by defragmenting liquidity through market-wide connectivity and end-to-end trade automation and orchestration – making it the crypto-core banking system for financial institutions. The rebranding reflects the company's ambition to grow beyond being a pure OEMS software vendor.
Wyden enters its next stage of growth
Wyden CEO Andy Flury has proudly anticipated the renaming: "We have come a long way from our beginning as a quant-oriented vendor to become an integrated digital asset trading technology provider serving as the infrastructure backbone for financial institutions – but our DNA is still that of a tech company. Today it is about cryptocurrencies, yet in the future, every type of asset from shares to real estate and art will be tokenized – requiring a new generation of financial technology. And we at Wyden are striving to build that for our clients."
Felix Saible, Chief Marketing Officer at Wyden, added: "By creating a strong and unique brand we offer enhanced orientation and guidance across our global markets, which pays off in terms of company value. I am pleased that the rebranding comes amid a highly successful year in terms of banking client and headcount growth, and will mark another milestone in 2022 – altogether making a fine baseline for our upcoming series B."
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- 05:00 am

Worldline, a global leader in payment services, today announces the closing of the acquisition of a 55% stake in SoftPos.eu, a Warsaw-based fintech that converts Android devices into secure payment terminals. This acquisition fully embeds Worldline’s objective to provide payment solutions that are adapted to all forms of commerce and serve the business ambitions of its clients. Based on SoftPos.eu, Worldline is launching a new product internationally: Worldline Tap on Mobile.
SoftPos.eu was created in 2019 by two payment entrepreneurs in Poland. The fintech converts regular Android devices into secure payment terminals, enabling merchants to accept card payments without the need for additional hardware.
As part of its strategy, Worldline is exploring new adjacencies in its value-creation journey through technologies and product acquisitions. Together with SoftPos.eu, several partnerships with substantial value creation have been launched. Worldline is truly convinced by the fintech go-to-market and product development added-value, as a pivotal addition to the Group’s existing suite for merchants. Supported by SoftPos.eu technology, Worldline will leverage its vast portfolio, from onboarding to acquiring, and enhance customer value across all verticals.
Worldline Tap on Mobile
Worldline Tap on Mobile is a unique end-to-end solution based on Android application that allows all merchants – from micro to large – to accept payments using a smartphone, tablet, or enterprise device through one single tap. The solution is designed to accept small amounts simply by “tap” but also larger amounts with PIN entry on the screen.
Worldline Tap on Mobile will support the growth of its clients with:
- Modern, convenient, easy, and fast acceptance of contactless payments
- Flexibility, with no additional hardware needed, suited for all verticals
- Secure, PCI-certified solution, with pin-entry for high-value payments
- Cost-effective solution replacing or complementing their existing fleet
- Integration capabilities with third-party applications
Worldline Tap on Mobile is the first payments application certified by Zebra Technologies. Zebra Technologies is a global leader in enterprise asset intelligence, providing handheld devices for a large variety of verticals. The product has been fully certified by Zebra and makes Worldline the first payment partner of Zebra globally. Through this partnership, specialized integrators and partners in all segments can add payment to their customers' offerings over their Android devices.
Niklaus Santschi, Head of Merchant Services at Worldline, commented: “There is an appetite towards mobile payments from both consumers and businesses sides. With SoftPos.eu acquisition and the concrete business materialisation of Worldline Tap on Mobile, Worldline is now providing its clients with the full suite of solutions adapted to all growth ambitions. Complementing our existing offers, Worldline Tap on Mobile offers convenience and flexibility to all sizes of commerce, it is all about a single - and safe - tap. Worldline is now covering by itself a new core feature in the payments value chain, enabling to deploy it on demand, for both existing and new clients. This marks a new key strategic positioning for our company in the current landscape, with many business opportunities for us, and we’re just excited about the road ahead.”
Grzegorz Nowakowski, CEO of SoftPos.eu, commented: “Worldline was the first major player to believe in SoftPos, its team and its product. Back in 2020 when we were launching our cooperation, the market for app-based terminals was much smaller than it is now. From the very first day, we felt that only with support from a strong strategic partner we will seize the full opportunity to grow. Now we can clearly see that we were right. We are extremely happy that the appreciation was mutual, and that we have come to this investment stage. SoftPos.eu has built an advanced but easy-to-use technology already actively used by multiple merchants of all sizes across Europe. Having Worldline as our strategic investor means strong support both in further product development as well as sales to other markets and merchants.”
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- 26.10.2022 -- 09:09 am
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- 07:00 am

In a strategic technology partnership, Neem, an embedded finance platform built by fintech entrepreneurs and launched in Pakistan, is joining hands with a global technology house BPC to develop its embedded finance technology stack. Neem is the first fintech enabled by BPC in Pakistan.
As an emerging financial market, Pakistan has over 200 million individuals and 3.3 million MSME which are underbanked. Embedded finance is globally recognized as the future of financial services and a model with the potential to bridge the financial wellness gap, especially in emerging markets. To further its mission of bringing financial wellness to underbanked communities, Neem selected BPC’s SmartVista platform to power its embedded finance technology infrastructure to offer a seamless user experience for Neem’s partnering communities and their underbanked users.
“In BPC, we have a strong technology partner with a deep understanding of the global trends and local market dynamics. We are building our infrastructure together, firstly for Pakistan and then for the emerging markets”, commented Nadeem Shaikh, Co-founder at Neem.
As an embedded finance platform, Neem is on a mission to enable full financial wellness for underbanked communities - both individuals and businesses. Neem is seamlessly embedding financial products and services including payments, loans, insurance and others into communities across diverse sectors, including agriculture, MSMEs, e-commerce, fintech, logistics, healthcare, and others.
Jane Loginova, Chief Strategy Officer at BPC, said: “At BPC, we aim to solve critical consumer and business challenges by building a bridge between real life to digital, enabling real-life transactions. Therefore, I am very honoured that Neem's founding team has chosen BPC as its technology partner to realise its vision for financial wellness. I strongly believe that Neem’s different take on financial services will reshape the lives of many across Pakistan, enabling access to payments and banking services for everyone, whenever and wherever they need it.”
Ahson Saeed, Managing Director of BPC in Pakistan, said: “We are building our infrastructure in Pakistan to empower fintechs and use-cases like Neem. We strongly believe that embedding financial services in this way will offer greater financial inclusion and increased reach of financial services to the masses as well as businesses. We are excited to partner with Neem in this space.”
Pakistan offers immense opportunities to leverage the power of payments innovation, as the country rapidly transforms into a future-proof economy under the initiative ‘Pakistan the Digital State’, which impacts all industries from agriculture, healthcare, education, and commerce to government and financial services.
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- 04:00 am

Juni, the financial platform built for e-commerce, has today announced that it has secured its Electronic Money Institution (EMI) licence from Swedish regulator Finansinspektionen. The EMI licence is a first step to enable Juni to issue e-money in Sweden and in time, across Europe.
Juni gives e-commerce businesses a unified view of their finances with cards, multi-currency accounts, and accounting, banking and advertising integrations - all in one place. Through its EMI licence, Juni will be able to:
- Be more flexible and create more tailored offers for its customers by broadening the range of payment products and services available and to go to market quickly
- Introduce modern and progressive compliance procedures that will offer its customers even better protection from fraud - by combining in-house built and third party vendor solutions
- Passport the EMI licence and provide its products and services to all other EU countries, with the aim to do so early next year
- Strengthen its existing payments technology stack in preparation to enter other markets beyond Europe
Samir El-Sabini, CEO and Co-founder of Juni, says, “This is an important milestone for Juni. It enables us to have an even more robust legal and regulatory framework, ensuring we continue to operate a safe financial ecosystem for our customers. We’re also excited to leverage our EMI licence to broaden our range of payment products and services, and continue to help our customers grow.”
Ambree Khasru, VP Regulatory & Oversight Officer, says, “We’re thrilled to continue to provide our customers with reassurance and trust, now with a direct relationship with the regulator. Our focus is to ensure our customers’ financial peace of mind by taking responsibility for the safety of their funds, their data and strengthening Juni’s products and services in line with expected regulatory standards.”
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- 05:00 am

Currencycloud, the experts in simplifying business in a multi-currency world, has been chosen by Tonga Development Bank (TDB) as a partner to help open up frictionless commerce and extend the reach across Oceania and beyond for Tonga’s small-medium businesses (SMBs).
By partnering with Currencycloud, Tonga Development Bank can seamlessly settle and clear a wide range of currencies for their SMB customers. Tonga’s businesses trading in Australian, US and New Zealand dollars, Japanese Yen, and Euros now have access to Currencycloud’s market-leading low FX rates, making exporting and importing goods and services across the region much more cost-effective.
The partnership with Currencycloud means Tonga Development Bank can use Currencycloud’s international payment rails to open up new global trading opportunities for Tonga’s businesses.
Lolinita Maue, Head of Marketing at Tonga Development Bank says: 'Our partnership with Currencycloud exemplifies our motto: ‘HA’AMO 2 MO E TONGA, Talu mei he 1977.Together we grow - with our Tongan people since 1977. Our partnership delivers technology and digital connectivity to Tonga’s SMBs. We are able to open up a new revenue stream for the bank while practising financial inclusion. By enabling small businesses to have access to digital payments, they can access more markets across Oceania and beyond. Thanks to the partnership, our Tongan business customers can enjoy a safe, quick transfer of funds, helping facilitate the import and export of their goods and services to new and existing markets.”
Rohit Narang, Managing Director, APAC at Currencycloud commented, “Tonga’s businesses have long been advanced by Tonga Development Bank, who are committed to helping them evolve and grow digitally. Now with our real-time, wholesale FX and extensive global network, Currencycloud in partnership with Tonga Development Bank is able to help SMEs expand and operate profitably on a global scale.”
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- 07:00 am

Banks remain the biggest business lenders, issuing over 90 per cent of Small to Medium Enterprise (‘SME’) loans in the past year, however, recent banking decisions have forced businesses to look for funding options away from traditional bank lenders. Many are now exploring the FinTech sector to improve their cash flow and fund business growth.
According to a recent World Bank report, SME’s globally have unmet finance needs to the value of USD 5.2 trillion a year. On top of this, rising interest rates and growing economic instability are forcing banks to tighten their grips on business loans which are resulting in slow loan approval times and increasing credit requirements. An independent panel of 253 Australian SME business owners and decision-makers predicted that 76% of Australian businesses are expected to face a cash flow crisis by FY24, making it more important for these businesses to have access to sustainable cash flow solutions.
To help address this need, Australian FinTech Spenda, has recently secured a $50M warehouse facility. Due to their ability to combine lending and software to businesses, the Company has access to a wealth of transactional data that shows a clear view of a customers' underlying cash flows, providing them with a level of visibility to business health not available to traditional lenders. This data allows Spenda to make secure lending and payment offers to businesses that optimise trading relationships and provide greater flexibility to businesses.
Spenda’s Managing Director, Adrian Floate, said: “As technology develops, the innovations in B2B payments continue to evolve and access to alternative finance channels is giving businesses the cash flow they need to grow and operate with ease. Spenda is leading the way, shaping a new norm for business relationships, and offering a connected solution designed to improve business efficiency and support growth.”
“If the pandemic has taught us anything, it is to always be prepared for uncertainty and ensure your cash flow is strong,” he adds.
Corrie Hassan, Chief Credit and Risk Officer at Spenda added: “We have developed lending products that help businesses better balance their cash inflows and outflows, enabling them to keep on top of the cost of sales and expenses. Because we can capture a lot of business data, we are able to offer extremely competitive fixed interest rates to our customers.”
“As a general principle, our strategy focuses on lending to well-established businesses with a good track record, helping them grow and take their business to the next level.”
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- 03:00 am

Refinitiv, an LSEG business, today announced the introduction of a secure, personalized, and frictionless global digital onboarding solution to help businesses streamline their approach to onboarding customers.
The recent, growing shift towards online commercial activity has led to a surge in digital and contactless payments, forcing organizations to hasten the implementation of their digital transformation plans. For smaller institutions providing services in the wealth, financial technology and crypto digital assets space, among others, meeting the expectations of more digital customers means offering seamless on-demand services, while also managing complex regulatory and financial crime risks.
Refinitiv’s digital customer onboarding solution offers a fully configurable user interface, which allows organizations to provide a branded product application process that can be delivered via the web, mobile and via API. Its low-code/no-code requirements mean it can be integrated and deployed within two to six weeks; rapidly accelerating the remote onboarding of new customers for multiple financial products while providing a world-class user experience.
The solution enables firms to verify an individual’s identity information and documents in real-time, conduct remote biometric checks, access, and cross reference a series of disparate data sets, such as residential addresses, and sanction lists, and use additional technology to verify bank accounts.
Gareth Walker, Head of Client & Digital Onboarding Solutions at Refinitiv, said, “Refinitiv’s digital onboarding solution, built on a modern, extensible platform, delivers a fully configurable product that has a modern, positive end-client experience at the heart of its design, while at the same time meeting the most exacting compliance demands made of businesses today. It also accelerates remote onboarding for activities such as account openings, while maximizing sales conversion rates and supporting top-line revenue growth.”
The customer onboarding solution comes pre-integrated within World-Check, Refinitiv’s award-winning risk intelligence service, as well as Qual-ID, its digital identity solution and its suite of bank account verification tools provided by GIACT. It is also possible to add on supplemental API services such as geolocation, address checking and mobile verification through the ‘plug and play’ mode. An “orchestration engine” allows customers to combine know-your-customer, business verification and anti-money laundering data services from both Refinitiv and other service providers in one end-to-end experience.
Ramesh Menon, Global Head of Product, Digital Identity & Fraud Solutions at Refinitiv, said, “We have applied 20-plus years’ experience gained in developing customer and third-party screening and related due diligence solutions for the world’s leading global banks into the design of our digital onboarding solution. That expertise has enabled us to create a powerful, low-code/no-code solution that meets the unique needs of fast-growing firms.”
Refinitiv’s digital customer onboarding solution is delivered by the Customer and Third-Party Risk business of Refinitiv, which provides a suite of risk management services to support customers with know-your-customer (KYC), due diligence, digital identity verification and fraud prevention activities. With customers including sell-side financial institutions, buy-side financial institutions and a wide range of corporates, its leading products include World-Check, Refinitiv Due Diligence, Qual-ID, GIACT and GDC.